The United States has circulated a draft resolution to the UN Security Council that would endorse the Iran nuclear deal and end targeted sanctions but retain an arms embargo and ballistic missile technology ban.

The UN Security Council is likely to vote on it early next week.

U.S. Ambassador to the UN Samantha Power briefed council members on the draft document behind closed doors on July 15, according to diplomats who spoke on condition of anonymity.

The resolution will replace the existing framework of Security Council sanctions with the restrictions agreed on during negotiations in Vienna, Power said.

The resolution already has the backing of UN veto-wielding members who took part in the Iran talks, Britain, France, China, Russia, and the United States.